GENERAL ELECTRIC (GE) is a massive multinational conglomerate, with 107 factories in the United States and 103 overseas plants in 23 foreign nations. It employs 243,000 American workers and has about 500,000 stockholders. About 300 major retail stores use its credit card system, and its NBC television network has about 200 affiliate stations in the United States.

General Electric is the third-largest defense contractor, and the nation's second-largest plastics manufacturer, the owner of RCA, has its own cable television network, and is a stockbroker (it owns Kidder Peabody). Moreover, it has its own bank, GE Capital, which has $91 billion in assets. General Electric is also among the most lawless of American corporations. For example:

1957–61. GE was convicted of price-fixing and other charges for electrical equipment ...

  • Loading...
locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles